The European commission has launched the new green deal for Europe - a roadmap to make the eu's economy sustainable by transforming climate and environmental challenges into opportunities in all policy areas in a transition that is fair and inclusive for all.
President Ursula von der leyen said: "Europe's green New Deal is our new growth strategy - an increase in returns over inputs.
It shows how by changing the way we live and work, produce and consume, we can live healthier lives and make our businesses more innovative.
We can all participate in this transformation, and we can all benefit from the opportunities.
We will move quickly to help our economy perform well in the world.
We are determined to win for the earth and life on it, for Europe's natural heritage, for biodiversity, for our forests and oceans.
By showing the rest of the world how to achieve sustainable development and competitiveness, we can inspire other countries to move forward with us."
Frans timmermans added: "we are in a climate and environmental emergency.
Europe's green New Deal is an opportunity to improve the health of our people and social well-being by changing our economic model.
Our plan sets out how to reduce emissions, restore the health of our natural environment, protect our wildlife, create new economic opportunities, and improve the quality of life for our citizens.
Each of us has an important role to play, and every industry and country will be part of that transformation.
And it is our responsibility to ensure that this transition is a just one and that no one is left behind as we implement the new green deal for Europe.
Europe's green New Deal provides a roadmap for action to dramatically improve the efficiency of resources by transitioning to a clean and circular economy, halting climate change, restoring lost biodiversity and reducing pollution.
The roadmap identifies the investments needed and the financing tools available, as well as how to ensure a just and inclusive transition.
Europe's green New Deal covers all sectors of the economy, particularly transport, energy, agriculture, construction and steel, cement, ict, textiles and chemicals
In order to translate into law the political will to make Europe the world's first climate-neutral continent by 2050, the European commission will produce the first European climate law within 100 days.
To achieve our ambitious climate and environmental goals, the commission will also propose the biodiversity 2030 strategy, the new industrial strategy and circular economy action plan, the farm-to-table strategy for sustainable food, and recommendations for a pollution-free Europe.
Work to upgrade the 2030 European emissions target and set a reasonable path to the 2050 target will begin immediately.
Achieving the goals of Europe's new green deal will require substantial investment.
To meet the current climate and energy targets for 2030, an additional €260bn a year, or about 1.5 per cent of GDP in 2018, is estimated to be needed.
This investment will require the mobilization of the public and private sectors.
The European commission will present a sustainable European investment plan in early 2020 to help meet these investment needs.
At least 25 per cent of the eu's long-term budget should be spent on climate action, with the European investment bank, Europe's climate bank, providing further support.
To enable the private sector to contribute to financing the green transition, the commission will propose a green financing strategy in 2020.
Tackling climate change and environmental degradation is a joint effort, but not all regions and member states start at the same level.
The equitable transition mechanism will help regions that rely heavily on carbon-intensive activities.
It will help the most vulnerable citizens in transition to participate in skills training programs and gain employment opportunities in new sectors of the economy.
In March 2020, the European commission will launch a "climate convention" that will give citizens a voice and role in designing new actions, sharing information, conducting grassroots activities and showing others solutions that can be followed.
The global challenges of climate change and environmental degradation require a global response.
The eu will continue to promote its environmental goals and standards in the United Nations convention on biological diversity and the framework convention on climate change, and strengthen green diplomacy.
The g7, g20, international conventions and bilateral relations will be used to persuade other countries to step up their efforts.
The eu will also use trade policies to ensure sustainability and will build partnerships with Balkan and African neighbours to help them achieve their own transitions.
The next step
The commission invites the European parliament and the council of Europe to endorse the commission's ambitious goals for Europe's future economy and environment and to help achieve this ambitious goal.
The European commission will move forward with the measures announced in the roadmap for a green New Deal for Europe.
Climate change and environmental degradation pose an existential threat to Europe and the world.
To overcome this challenge, Europe needs a new growth strategy that turns the eu into a modern, resource-efficient and competitive economy in which, by 2050, net greenhouse gas emissions will be non-existent, economic growth will be decouple from resource use, and no one and no place will be left behind.
The eu has a good record of reducing greenhouse gas emissions while maintaining economic growth.
Emissions in 2018 were 23% lower than in 1990, while the eu's GDP grew by 61%.
But more needs to be done.
Given its rich experience, the eu is leading the way towards a green and inclusive economy.
The green New Deal policy document paves the way for action in the months and years ahead.
The committee's future work will be guided by the public's need for action and by the solid scientific evidence presented in multiple directions in the IPCC, IPBES, global resources outlook and EEASOER 2019 reports.
Our recommendations will be evidence-based and based on extensive consultations.
The vast majority of europeans think it is important to protect the environment (95%).
Eight out of 10 europeans (77%) said protecting the environment would boost economic growth.
Eurobarometer's findings on environmental attitudes among eu citizens confirm widespread public support for eu-level environmental legislation and eu funding for environmental activities.